Artisan Partners Asset Management Inc. (NYSE:APAM) Sees Significant Increase in Short Interest

Artisan Partners Asset Management Inc. (NYSE:APAM) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 5,723,607 shares, an increase of 40.8% from the January 29th total of 4,064,465 shares. Based on an average trading volume of 702,904 shares, the short-interest ratio is currently 8.1 days. Currently, 8.1% of the company’s shares are sold short. Currently, 8.1% of the company’s shares are sold short. Based on an average trading volume of 702,904 shares, the short-interest ratio is currently 8.1 days.

Artisan Partners Asset Management Stock Performance

APAM opened at $40.23 on Monday. The business’s 50-day simple moving average is $42.93 and its 200 day simple moving average is $43.57. Artisan Partners Asset Management has a 52-week low of $32.75 and a 52-week high of $48.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $3.24 billion, a PE ratio of 10.03 and a beta of 1.77.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.15. The firm had revenue of $335.50 million for the quarter, compared to analyst estimates of $322.13 million. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. As a group, sell-side analysts expect that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.57 dividend. The ex-dividend date was Friday, February 13th. This represents a yield of 134.0%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 100.75%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC acquired a new stake in Artisan Partners Asset Management in the 3rd quarter valued at about $27,000. Chilton Capital Management LLC bought a new stake in Artisan Partners Asset Management in the third quarter valued at approximately $28,000. Community Bank N.A. acquired a new stake in shares of Artisan Partners Asset Management in the third quarter valued at approximately $33,000. Eagle Bay Advisors LLC bought a new position in shares of Artisan Partners Asset Management during the 4th quarter worth approximately $32,000. Finally, Triumph Capital Management boosted its stake in shares of Artisan Partners Asset Management by 112.5% during the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after acquiring an additional 450 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on APAM shares. Wall Street Zen raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Royal Bank Of Canada cut their price target on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Artisan Partners Asset Management currently has an average rating of “Hold” and a consensus price target of $44.00.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.